Date: 6th August 2026

ESOP Update

Initial Grant (Reference)

  • The company previously disclosed on 14th May 2026 the approval of grant of 2,40,000 (two lakh forty thousand) employee stock options ("Options") to eligible employees under the 'Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019' ("KOEL ESOP 2019").
  • This grant was approved by the Nomination and Remuneration Committee in its meeting held on 14th May 2026.

Cancellation of Options

  • The Nomination and Remuneration Committee, in its meeting held on 6th August 2026, approved the voluntary surrender and cancellation of 36,108 (thirty six thousand one hundred and eight) Options.
  • The Board of Directors approved this cancellation in its meeting held on 6th August 2026.
  • Consequently, the total number of Options now stands at 2,03,892 (two lakh three thousand eight hundred and ninety two) instead of the originally approved 2,40,000 (two lakh forty thousand).
  • All other terms of the grant of Options as provided in the stock exchange disclosure dated 14th May 2026 remain unchanged.

Board Meeting Details

  • The meeting of the Board of Directors commenced at 1:45 pm and concluded at 4:45 pm on 6th August 2026.